Host Hotels & Resorts (NASDAQ:HST) Director Sells $62,513.10 in Stock

Host Hotels & Resorts, Inc. (NASDAQ:HST) Director Mary Baglivo sold 2,466 shares of Host Hotels & Resorts stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $25.35, for a total value of $62,513.10. Following the completion of the transaction, the director owned 2 shares in the company, valued at approximately $50.70. This represents a 99.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Mary Baglivo also recently made the following trade(s):

• On Friday, November 6th, Mary Baglivo sold 13,963 shares of Host Hotels & Resorts stock. The stock was sold at an average price of $24.47, for a total value of $341,674.61.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $25.52 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 5.79. Host Hotels & Resorts, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.19. The company has a market capitalization of $17.49 billion, a P/E ratio of 18.63, a PEG ratio of 3.62 and a beta of 1.09. The stock has a 50 day moving average price of $23.50 and a two-hundred day moving average price of $22.22.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Host Hotels & Resorts had a net margin of 15.01% and a return on equity of 14.33%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts expect that Host Hotels & Resorts, Inc. will post 2.20 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 58.39%.

Institutional Trading of Host Hotels & Resorts

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Host Hotels & Resorts during the second quarter valued at $2,096,191,000. Deutsche Bank AG purchased a new stake in shares of Host Hotels & Resorts in the second quarter worth $296,560,000. Bank of America Corp DE bought a new stake in shares of Host Hotels & Resorts during the 2nd quarter valued at $295,807,000. Dimensional Fund Advisors LP boosted its holdings in Host Hotels & Resorts by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,492,832 shares of the company’s stock worth $201,042,000 after buying an additional 118,043 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Host Hotels & Resorts by 253.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,096,636 shares of the company’s stock worth $116,812,000 after buying an additional 4,373,449 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Weiss Ratings downgraded shares of Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Evercore set a $26.00 price objective on shares of Host Hotels & Resorts in a report on Monday, October 26th. Cantor Fitzgerald boosted their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price objective on Host Hotels & Resorts from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $25.55.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets. The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.